"On Thursday, 31 August at 11:24 a.m., Princess Sofia welcomed a healthy and prosperous child at Danderyd Hospital. Both mother and child are doing well," the caption reads in Swedish, according to People.

A post shared by Kungahuset (@kungahuset) on Aug 31, 2017 at 3:12am PDT

The couple has not yet revealed their new son's name, but Prince Carl Philip did give a brief statement to reporters after the birth was announced. "We are really happy. It’s a very cute boy," he said.

We can't wait to see the young royal out and about with the rest of his family.

IMAGE GETTY

The royal couple with baby Prince Alexander celebrating National Day in Sweden last year.